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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 6 days · First seen · Last updated

Ursa Major Technologies business expansion

Overview

Ursa Major Technologies has initiated a period of significant operational and financial expansion. The company first opened a new manufacturing facility in Longmont, Colorado, to increase production of avionics and in-space propulsion systems. This facility, which includes specialized labs and clean rooms, allows the company to relocate specific production lines to free up capacity at its Berthoud headquarters for liquid engine and missile system programs.

Following this physical expansion, the Denver-based manufacturer announced a definitive business combination agreement with Bleichroeder Acquisition Corp. III. This $2.3 billion SPAC merger is intended to facilitate the company’s transition to a public entity on the Nasdaq by early 2027. The resulting capital is expected to be used to scale production for liquid engines, solid motors, and the HAVOC hypersonic system.

Entities

Colorado · Aurora Flight Sciences · Nasdaq · Inflection Point Asset Management · Ursa Major

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Ursa Major to go public via $2.3 billion SPAC merger

    Ursa Major Technologies plans to go public via a $2.3 billion SPAC merger with Bleichroeder Acquisition Corp. III to expand its additive manufacturing for rocket and hypersonic propulsion.

  2. 23 days ago

    [BUSINESS] 2 sources
    Ursa Major opens new manufacturing facility in Longmont, Colorado

    Ursa Major has opened a new manufacturing facility in Longmont, Colorado, to expand production of avionics, in-space propulsion systems, and hypersonic capabilities.

Sources

3druck.com · aijourn.com · cdispatch.com · voxelmatters.com